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Posted 10 months ago
Hercules lost his job as a tailor after his company purchased robotic sewing machines to replace him. Now he cannot find a job because nobody wants to hire tailors.
Which of the following best describes Hercules' employment situation?
Choose 1 answer:
(A) Seasonally unemployed
(b) Cyclically unemployed
(C) Structurally unemployed
(D) Frictionally unemployed
(E) Not in the labor force
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Answer from Sia
Posted 10 months ago
Solution by Steps
step 1
Identify the type of unemployment based on the description provided
step 2
Structural unemployment occurs when there is a mismatch between the skills that workers offer and the skills demanded by employers due to technological changes or other shifts in the economy
step 3
Hercules lost his job as a tailor due to the introduction of robotic sewing machines, which indicates a technological change that has made his skills less in demand
step 4
Based on the information given, Hercules' situation does not fit the definitions of seasonally unemployed, cyclically unemployed, frictionally unemployed, or not in the labor force
Answer
C
Key Concept
Structural Unemployment
Explanation
Hercules is structurally unemployed because his job as a tailor was replaced by technology, making his specific skills obsolete in the job market.
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